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Westgate Resorts CEO David Siegel on why he feels Romney is the better presidential candidate for the business community.
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President.
Obama's -- economic -- says that he could well be forced to start cutting jobs David Siegel is the owner of the largest privately held.
Time -- company and the world of billionaire he sent.
This email to his 7000 employees saying quote if any new taxes are levied on me or my company as our current president plants.
I will have no choice but to reduce the size of this company.
This means for your jobs less benefits and certainly less opportunity.
Everyone for joining us now is David -- what's -- -- founder president and CEO David good to have you here.
You have and we should putting context I think you have gone through as as everyone else.
A very tough.
-- years following the economic crisis of 2008.
What prompted you now to write that that -- to your to your employees.
As you said I went through a very bad for years.
Four years ago we were on top of the world.
We were what I call fat dumb and happy.
We were doing a billion dollars a year in sales I had 121000 employees.
We were growing 20% a year.
Here for years later under the Obama administration.
-- due in half the amount of sales we were doing.
We had to cut -- force from 121000.
To 5000.
And were growing 0%.
A year vs the 20% before I've lived through this for the last four years I can be -- Monday morning.
Quarterback.
And predict what the next four years under President Obama will be like.
And I wanted to tell my employees.
Exactly what to expect.
If in fact they re elect President Obama.
-- there's there's nothing academic about an election is all politicians seem to be confident.
And and insistent upon saying if they win the election elections have consequences.
But those elections have broad consequences and are often discussed in the area.
In the business community mark Mark Cuban.
Billionaire and his own right said that he he treated this telling air force was suggesting.
How are your employees should vote is exact way to create problems among your workers and to reduce productivity.
Here you were telling your employees little model work but what is your reaction out of vote.
What is your reaction to.
To what mark -- but so.
Well I'm not telling anyone how to vote it's their right to vote the way they choose on this telling them what can -- happen if in fact.
We don't.
Elect.
Governor Romney.
As president.
And -- -- forty more years of four more years of Obama.
Will mean.
That we're gonna have to tighten our belts even further.
Lay off more people and once it becomes.
Uncomfortable.
For me to come to work every day -- seriously think about retiring.
David -- is you talk about governor Romney being reelected great questions -- particular in the national media.
About what will he do how quickly can he do something there's no specificity to his programmer plan.
For governance if elected president what makes you so confident.
That he is the better choice.
Is -- his ideas -- is that simply the experience of the Obama policies.
Look I have a large company.
And I'm looking for a CEO.
And I have two applicants.
I have governor Romney that has years of experience in building businesses making pay rose and I have.
President Obama that has no business experience.
And -- my gonna hire to run my company the answers simple Romney.
Well that country is like a big company.
And we need a CEO and who do we want somebody with as I said lots of experience.
In making payrolls hiring people building companies or do we want someone that had only political experience.
The answer I think it's very simple.
We want -- governor Romney to be the next president.
David Siegel thanks a lot we appreciate your being here or more.
